J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $192.00 at Stephens

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by Stephens from $210.00 to $192.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Stephens currently has an overweight rating on the transportation company’s stock.

Several other brokerages have also recently commented on JBHT. Benchmark reaffirmed a buy rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, March 13th. Susquehanna reduced their price objective on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set a neutral rating for the company in a research note on Monday, March 25th. Barclays cut shares of J.B. Hunt Transport Services from an overweight rating to an equal weight rating and reduced their price objective for the company from $215.00 to $200.00 in a research note on Monday, April 1st. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating for the company in a research note on Wednesday. Finally, Raymond James boosted their price target on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an outperform rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $194.56.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $167.30 on Wednesday. The company has a 50 day moving average of $197.94 and a 200 day moving average of $192.83. The stock has a market cap of $17.28 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.96 and a beta of 1.11. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. J.B. Hunt Transport Services’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 6.99 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders sold 20,432 shares of company stock worth $4,309,687 in the last three months. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Clear Street Markets LLC lifted its position in shares of J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC lifted its position in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after purchasing an additional 85 shares during the period. Operose Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $36,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.